Question: 4. In the blank preceding each event described below, indicate whether the event would increase (+) or cause no change (0) in measured GDP for


4. In the blank preceding each event described below, indicate whether the event would increase (+) or cause no change (0) in measured GDP for the United States. a. Mary cleans her house. b. Mary hires someone to clean her house. c. Jim sells cocaine on the black market and earns $30,000 per year. d. Rachel buys $5,000 worth of IBM stock from Steve. e. A burglar steals your stereo. f.. You buy a new stereo to replace the one that was stolen. g. You purchase a German clock by mail order from a German company. h. Instead of paying for your dinner at a local restaurant, you wash dishes for them in exchange for your meal. i. Gary receives a $1,000 social security check from the government. j. The federal government buys a new stealth bomber for $2 billion. k. . You lose $500 playing blackjack in your dorm. 1. You wreck your car and pay $5,000 to have it repaired. m. You buy an antique desk from a friend for $300. n. . You buy some flour to make a loaf of bread. o. IBM purchases some new equipment for $10 million. p. You pay your landlord $300 for this month's rent. q. A hurricane destroys a family's home, and they pay $100,000 to rebuild it
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
